KRAGBRON Residential Township Registration deposit of R50,000 payable (refundable) Terms and Conditions avalable on request 1 Thursday 14 July 2016 at 12:00 Stonehaven on Vaal Andreas Greeff 0721187509 andreas@landhouse.co.za
Contents 1. Disclaimer 2. Property Summary Page 2 Disclaimer Whilst 3. all Municipal reasonable care Information has been taken to obtain the correct information, neither Landhouse Properties nor the Sellers, guarantee the correctness of the information, and none of the aforementioned will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information supplied, whether due to the negligence or otherwise of Landhouse Properties, the Sellers or any other person. The proposed Consumer Protection Regulations, 2010 as well as the Rules of Auction can be viewed at www.landhouse.co.za. Bidders must register to bid and provide original proof of identity and residence on registration. 4. Locality The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above lots are all subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf 5. Property Description of the owner or auctioneer. 6. Pictures 7. Additional Information Disclaimer Disclaimer Whilst all reasonable care has been taken to obtain the correct information, neither Landhouse Properties nor the Sellers, guarantee the correctness of the information, and none of the aforementioned will be held liable for any direct or indirect damages e Whilst information, all reasonable loss, of whatsoever and none care of nature, the has aforementioned been taken to obtain suffered by any will person be the held correct as liable information, a result any of direct neither errors or or indirect Landhouse omissions damages Properties nor the Sellers, guarantee the correctness of the information, and none of the aforementioned will be held liable for any direct or indirect damages in the information supplied, whether due to the negligence or otherwise of Landhouse Properties, the Sellers or any other person. The proposed Consumer r or Protection otherwise loss, of whatsoever Regulations, of Landhouse nature, 2010 Properties, suffered as well as the by the Sellers any person Rules or of any as Auction other a result can person. of errors be viewed The at proposed or omissions www.landhouse.co.za. Consumer in the information supplied, whether due to the negligence or otherwise of Landhouse Properties, the Sellers or any other person. The proposed Consumer Bidders must register to bid and provide original proof of identity and residence on registration. of Protection of identity Regulations, and residence 2010 on as registration. well as the Rules of Auction can be viewed at www.landhouse.co.za. Bidders must register to bid and provide original proof of identity and residence on registration. The Rules of Auction contain the registration requirements if you intend to bid on behalf of another person or an entity. The above lots are all subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf subject The Rules to a of reserve Auction price contain and the the sale registration by auction requirements is subject to if you a right intend to bid to bid by or on on behalf behalf of another person or an entity. The above lots are all subject to a reserve price and the sale by auction is subject to a right to bid by or on behalf of of the the owner owner or or auctioneer. auctioneer.
General Property Address: Suburb & City: Page 3 Farm Rietfontein 150 Heilbron RD Sasolburg, Metsimaholo Local Municipality Title Deed Information Lot 1 Remaining Extent of Portion 7 of the Farm Rietfontein 150 Heilbron RD Title Deed Number: T7933/2011 Registered Owner: Land size: Investec bank Limited 545.1116 hectares Lot 2 - Portion 2 of the Farm Taaiboschspruit 205 Heilbron RD Title Deed Number: T7933/2011 Registered Owner: Land size: Investec bank Limited 246.2471 hectares Lot 3 Portion 1 of the Farm Taaiboschspruit 205 Heilbron RD Title Deed Number: T7933/2011 Registered Owner: Land size: Investec bank Limited 1.8957 ha Total land size: 793.2544 hectares Property Summary
Municipal Information Page 4 Kragbron Township is situated within the boundaries of the Metsimaholo Local Municipality. Town Planning Information Permitted It was confirmed by the municipal town planning department in Sasolburg that Kragbron forms part of the Urban Development Zone of Sasolburg. The local authority however does not supply any service delivery to the town and incorporation of the town into the Sasolburg municipal area is a medium to long term project. Town planning information Actual The current mixed use property (mainly residential) is regarded legal as the town is in operation for many years. Property Summary
Locality Page 5 Kragbron is a small township that was previously owned by Eskom. The town is located approximately 8km south of Sasolburg on the R82 Main Road and easy access is available via a well maintained road network. The area is mainly surrounded by commercial farming activities. Kragbron was developed and previously used as an Eskom power generating plant and staff accommodation. No municipal services are available to Kragbron and the town is self-sustainable in terms of sewerage disposal. GPS co-ordinates for the property are as follows: 26 54 02.61 S 27 53 04.69 E Property Summary Kragbron Locality
Description of Improvements Page 6 Property Details The subject property (referred to Kragbron ) comprises a self-sustainable rural town and certain farm portions that have been sold to a private investor during 2005. Investec Bank Limited purchased the properties during November 2010 and the Bank has subsequently outsourced the daily operations and rent collection functions to an independent company. Kragbron comprises six adjoining farm portions that are well improved, which are described as follows: a. Description of land i. Portion 7 of the Farm Rietfontein 150 Heilbron RD This portion comprises a large tract of land that is improved with a number of improvements such as the Kragbron sewerage purification plant, hostels, the Kragbron houses and various workshops. An application for subdivision of Portion 7 and registration of the Kragbron Extension 1 and Kragbron townships has been submitted to the Surveyor General (Bloemfontein) and has been approved on 8 January 2009 and 9 January 2012 respectively (please refer to Annexure D). The General Plans provide for the following erven: Kragbron provides for 663 stands a. Residential stands 642 stands b. Parks 10 stands c. Streets 11 stands Kragbron Extension 1 provides for a total of 256 stands. Applications for the proposed townships have been submitted to and approved by the office of the Bloemfontein Surveyor General but have not been registered yet. ii. iii. Portion 1 of the Farm Taaiboschpruit 205 Heilbron RD This a narrow farm portion on the western boundary of Portion 2. Portion 2 of the Farm Taaiboschpruit 205 Heilbron RD This portion offers natural pastures with a number of ruins. b. Residential improvements Kragbron and Kragbron Extension 1 There are a total of 459 existing dwellings located on the two proposed townships. A dwelling audit was carried out by Kragbron Housing during July 2011 and the results are regarded accurate. The majority of these dwellings are currently being rented to local residents and the dwellings offer a combination of brick constructed and prefabricated asbestos dwellings. The residential component is divided into two sections, known as Highveld and Taaibos. Dwellings are summarised as follows: Both areas Description 1 2 bedroom, no garage 29 2 bedroom with garage 49 3 bedroom small pre-fab 85 3 bedroom 2 bathroom pre-fab 136 3 bedroom open plan lounge/dining brick house 4 3 bedroom. Open plan lounge/dining brick house no garage Description of property
Page 7 Property Details (continued) 1 3 bedroom, 2 bathroom no cupboards 19 4 bedroom separate lounge/dining brick house 116 3 bedroom separate lounge/dining 13 3 bedroom, 2 bathroom, scullery, study 5 Offices, 3 rooms, kitchen, shower, toilet 1 Container used for tuck-shop 459 Highveld This development offers 279 dwellings with 163 brick and 116 prefabricated dwellings. The current status of the Highveld houses is as follows: Occupied 185 - Lettable Vacant 8 - Lettable Maintenance required 35 - Lettable Not habitable/damaged by fire 51 Non lettable (18%) Total 279 Property Details (continued) Taaibos This development offers 180 dwellings, with 161 brick and 19 prefabricated asbestos dwellings. The current status of the development is as follows: Occupied 145 - Lettable Vacant 3 - Lettable Maintenance required 10 - Lettable Not habitable 22 - Non lettable (12%) Total 180 Description of property
Page 8 Property Details (continued) Summary of the entire township Occupied 330 Lettable Vacant 11 Lettable Maintenance required 45 Lettable Not habitable 73 Non lettable (16%) Total 459 c. Other improvements Water and sewerage purification plant Various hostels that are damaged/vandalised Security boom gate Shops Recreation facilities Tarred roads A large steel mast was noticed on site but it could not be verified whether any rental amount is paid to the Kragbron Housing management. Description of property
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Page 18 KRAGBRON ESTATES MARCH 2016 INCOME & EXPENCE REPORT Description Total Income Electricity Connecting Fee Deposit Rental Water Electricity Opps Cost Electricity Dis- & Reconne ct Deposit Adjustmen t Admin Fee Vat on Services Other Highveld R 500.00 R 1 900.00 R 4 000.00 R 189 960.59 R 38 332.92 R 68 155.09 R 24 780.70 R 13 011.01 R 0.00 R 0.00 R 0.00 R 340 640.31 Taaibos R 1 250.00 R 4 750.00 R 22 200.00 R 255 402.62 R 38 504.64 R 60 467.54 R 26 535.09 R 12 180.37 R 0.00 R 0.00 R 0.00 R 421 290.26 Business R 0.00 R 0.00 R 0.00 R 22 131.21 R 948.48 R 6 149.78 R 1 535.09 R 801.62 R 0.00 R 0.00 R 0.00 R 31 566.18 School R 0.00 R 0.00 R 0.00 N/a R 0.00 N/a R 0.00 R 0.00 R 0.00 R 0.00 R 0.00 R 0.00 Total R 1 750.00 R 6 650.00 R 26 200.00 R 467 494.42 R 77 786.04 R 134 772.41 R 52 850.88 R 25 993.00 R 0.00 R 0.00 R 0.00 R 793 496.75 March Expenses 373 Alarms R 500.00 Bank charges R 7 378.96 Balance Deposit Refunds R 7 982.03 Electrical Maintenance R 18 702.61 Electrical Services R 13 800.00 Electricity Escom R 155 612.36 Estate Agent R 17 264.70 Fuel R 17 698.63 Internet R 460.00 Maintenance R 8 981.66 Metsimaholo R 40 000.00 Radio R 455.20 Security (Feb - R54435 + Mar - R62016) R 116 451.00 Telkom R 2 407.27 Vehicles Total R 407 194.42 BALANCE R 386 302.33 Income Sheet
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